FANTOM - FTM/USDT - Daily - Technical analysis published on 02/22/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
22%
22%
56%
My opinion
Bullish above 0.436200 USDT
My targets
0.516667 USDT (+4.42%)
0.570300 USDT (+15.26%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 0.436200 USDT remains possible. It is advisable to trade FANTOM - FTM/USDT with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 0.436200 USDT. The next bullish objective for buyers is set at 0.516667 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.570300 USDT. If there is any crossing, the next objective would be the resistance located at 0.632500 USDT. PS: if there is a bearish break in the support located at 0.436200 USDT we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
2.5
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This analysis was given by domdufour. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
FANTOM - FTM/USDT rating 0.494800 USDT. The price is lower by -4.97% since the last closing with the lowest point at 0.477600 USDT and the highest point at 0.521800 USDT. The deviation from the price is +3.60% for the low point and -5.17% for the high point.0.477600
0.521800
0.494800
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of FANTOM - FTM/USDT in Daily shows an overall bullish trend. The signals given by moving averages are 71.43% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : Daily
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 10 are neutral and 4 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish engulfing lines
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.197380 | 0.287900 | 0.436200 | 0.494800 | 0.570300 | 0.632500 | 0.916500 |
| Change (%) | -60.11% | -41.81% | -11.84% | - | +15.26% | +27.83% | +85.23% |
| Change | -0.297420 | -0.206900 | -0.058600 | - | +0.075500 | +0.137700 | +0.421700 |
| Level | Minor | Major | Intermediate | - | Intermediate | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.458733 | 0.483167 | 0.501933 | 0.526367 | 0.545133 | 0.569567 | 0.588333 |
| Camarilla | 0.508820 | 0.512780 | 0.516740 | 0.520700 | 0.524660 | 0.528620 | 0.532580 |
| Woodie | 0.455900 | 0.481750 | 0.499100 | 0.524950 | 0.542300 | 0.568150 | 0.585500 |
| Fibonacci | 0.483167 | 0.499669 | 0.509864 | 0.526367 | 0.542869 | 0.553064 | 0.569567 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.257033 | 0.335267 | 0.438433 | 0.516667 | 0.619833 | 0.698067 | 0.801233 |
| Camarilla | 0.491715 | 0.508343 | 0.524972 | 0.541600 | 0.558228 | 0.574857 | 0.591485 |
| Woodie | 0.269500 | 0.341500 | 0.450900 | 0.522900 | 0.632300 | 0.704300 | 0.813700 |
| Fibonacci | 0.335267 | 0.404562 | 0.447372 | 0.516667 | 0.585962 | 0.628772 | 0.698067 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.025667 | 0.093067 | 0.315833 | 0.434567 | 0.657333 | 0.776067 | 0.998833 |
| Camarilla | 0.444688 | 0.475992 | 0.507296 | 0.538600 | 0.569904 | 0.601208 | 0.632513 |
| Woodie | 0.026350 | 0.119075 | 0.367850 | 0.460575 | 0.709350 | 0.802075 | 1.050850 |
| Fibonacci | 0.093067 | 0.223520 | 0.304114 | 0.434567 | 0.565020 | 0.645614 | 0.776067 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 50.37 | |
| MACD (12,26,9): | 0.0215 | |
| Directional Movement: | 5.810430 | |
| AROON (14): | -35.714286 | |
| DEMA (21): | 0.542519 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.455577 | |
| Elder Ray (13): | -0.015927 | |
| Super Trend (3,10): | 0.612457 | |
| Zig ZAG (10): | 0.495200 | |
| VORTEX (21): | 0.9843 | |
| Stochastique (14,3,5): | 51.99 | |
| TEMA (21): | 0.521583 | |
| Williams %R (14): | -54.69 | |
| Chande Momentum Oscillator (20): | 0.059500 | |
| Repulse (5,40,3): | -8.1430 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.9685 | |
| Courbe Coppock: | 4.41 |
| MA7: | 0.525271 | |
| MA20: | 0.524805 | |
| MA50: | 0.423684 | |
| MA100: | 0.316786 | |
| MAexp7: | 0.516353 | |
| MAexp20: | 0.506980 | |
| MAexp50: | 0.439476 | |
| MAexp100: | 0.367712 | |
| Price / MA7: | -5.80% | |
| Price / MA20: | -5.72% | |
| Price / MA50: | +16.79% | |
| Price / MA100: | +56.19% | |
| Price / MAexp7: | -4.17% | |
| Price / MAexp20: | -2.40% | |
| Price / MAexp50: | +12.59% | |
| Price / MAexp100: | +34.56% |
Quotes :
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Real time data
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Cryptocompare
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